Q& A
Written by Anna McMahon | Produced by Jennifer Davies 2
Zycus discusses the synergy of Autonomous Procurement, Actionable Intelligence, and Interactive Insights. Q. Can you provide a brief overview of Zycus? A. Zycus is a pioneer in Cognitive Procurement software and has been a trusted partner of choice for large global enterprises for two decades.
Zycus helps enterprises drive real savings, reduce risks, and boost compliance, and its seamless, intuitive, and easy-to-use user interface ensures high adoption and value across the organisation.
Zycus has been consistently recognised by Gartner, Forrester, and other analysts for its Source-to-Pay integrated suite.
Q. What kind of services does Zycus specialise in? A. Zycus is a leading provider of AIpowered procurement solutions. The company creates cutting-edge technology that helps organisations transform their procurement department. Its integrated product suite includes solutions for eProcurement and invoicing, financial savings management, contract management, supplier performance, risk management, request management, project management, and spend analysis. The expert team hand-holds the customer through the implementation and integration process to make sure that the migration from their old systems to Zycus is seamless.
Zycus powers its S2P software with the revolutionary Merlin AI Suite. Merlin AI takes over the tactical tasks and empowers procurement and AP officers to focus on strategic projects; offers data-driven actionable insights for quicker and smarter decisions; and its conversational AI offers a B2C type user experience to the end-users.
Thomas Bioud, Vice-President Sales - Europe
Q. How is Zycus a pioneer in Cognitive Procurement software? A. Today, Zycus is a category creator of “Cognitive Procurement”, offering a holistic approach to using AI to help procurement and finance teams do more from less across the entire Source-to-Pay cycle. 3
“Horizon, Zycus’ flagship event, will bring together forward-looking executives and experts from the world of procurement and finance for the 15th time” Zycus follows a three-pronged approach of autonomous procurement, actionable intelligence, and interactive insights. Through autonomous procurement, the company helps organisations automate mundane and tactical tasks, so that procurement teams have more bandwidth to add strategic value. With actionable intelligence, insights are unlocked for faster and smarter
Laurent Probst, Principal Solutions Consultant, Europe 4
decision-making. With interactive intelligence, Zycus prides itself on increasing the efficiency of business processes. Q. Can you discuss the Procure-to-Pay solution and the Guided Procurement System technology? A. Every organisation needs to purchase materials for its business processes. This involves direct materials that are involved in the production process or indirect materials like stationery, electronics, etc. that are used by employees. The cycle of ordering an item, making a purchase, and paying the supplier is called procure-to-pay. Creating an intuitive and compelling user experience for requisitioners can be extremely challenging. Most automated procure-to-pay systems fail to encourage compliant user behaviour, leading to incorrectly classified transactions, ad hoc spends, and hence jeopardize the ultimate goal of leveraging technology to simplify processes. Zycus makes the buying experience simpler by providing a
A Global Virtual Conclave for Procurement & Finance Witness the industry maestros share their transformational procurement journeys and best practices.
REMI CHARACHON
Group Chief Procurement Officer & Transform Air Liquide
MICKY KECK
Director Analyst Procurement Applications Gartner
RUSS MAJOR
Chief Procurement Officer USAA
HERVE' LE FAOU
Chief Procurement Officer Heineken
DUNCAN JONES
Vice President & Principal Analyst Forrester Research
Media Partner
...&
20 more
October 19-21, 2021
REGISTER NOW 5
Guided Procurement System (GPS) to ensure the best buying decisions every time. The GPS auto-classifies search terms to suggest relevant categories and ensure relevant results every time. It also steers users to preferred and approved vendors. This ensures that up to 95 per cent spends are at or under the line-item budgets, ensuring budget adherence and control.
“Zycus will continue to invest in Cognitive Procurement space to develop innovative and integrated products” Q. How do Autonomous Procurement, Actionable AI and Interactive AI combine? A. Autonomous procurement, actionable intelligence and interactive insights combine to provide synergies across business processes. Autonomous procurement is powered by Merlin. It reduces the effort of the procurement and finance departments by automating tactical tasks. This effort reduction can be up to 60 per cent. Zycus solutions provide actionable insights across the suite. Merlin Insight Studio, Merlin Community Intelligence (peer benchmarking) and Spend Analysis provide such insights directly to offer real-time data for accurate 6
decision making. The solutions have comprehensive dashboards for detailed insights. The interactive intelligence comes from Merlin conversational UI, Merlin Voice and Merlin Eye. These combine to transform your business. Q. Can you provide a couple of success stories? A. Yes, follow these links:
SUCCESS STORY NO1 SUCCESS STORY NO2 SUCCESS STORY NO3 SUCCESS STORY NO4 SUCCESS STORY NO5
Q. What can visitors expect from the upcoming Horizon conference? Can you tell us more about it? A. Horizon, Zycus’ flagship event, will bring together forward-looking executives and experts from the world of procurement and finance for the 15th time. This time, to discuss and deliberate how you can “Transform to Outperform”. Hear transformation stories from industry leaders such as Russ Major (CPO at USAA), Remi Charachon (CPO at Air Liquide), Hervé Le Faou (CPO at Heineken), Aubrey Edwards (Global Director at CBRE), Pim Willems (Global Director at Danone), and many more. Glean insights from leading analysts including Gartner, Forrester and The Hackett Group, and tune in to exciting sessions by Zycus’ leadership, including a keynote session by CEO Aatish Dedhia.
Q. What’s next for Zycus and the future of cognitive procurement? A. The pandemic and work-fromanywhere economy has definitely provided tailwinds for a faster transition to 100 per cent digitized procurement, and Zycus is positioned just right to help firms fully eliminate manual dependencies. Zycus will continue to invest in Cognitive Procurement space to develop innovative and integrated products. From a technology standpoint, the aim is to make P2P 80-90 per cent touchless in the coming years with Zycus’ Merlin AI capabilities. Also, conversations of sustainability will be brought to the forefront, helping firms embrace sustainable procurement faster with intelligent tech-based solutions. For further information, visit www.zycus.com 7
www.zycus.com
8